The functions of the first General Body meeting of a Co-operative

Housing Society will be as under:1.

It will first elect president to preside over the meeting.

2.

New members who have purchased the flat u/s 4 of MOFA but
failed to sign the application for registration society may be
admitted as members if applied for.

3.

The chief promoter will present the accounts up to the period of

14 days prior to the date of first General Body meeting.

4.

First provisional Managing Committee will be constituted. This

committee will have the same power as the Managing Committee.
If the first constituted General Body meeting fails to elect the
provisional Managing Committee, the same may be nominated by
the registering authority and also nominate the chairman and the
Hon. Secretary, for a period of one year.

5.

Authorize the Managing Committee to secure conveyance of the

right, title and interest in the property, in the name of the society
from the builder.

6.

Appoint Internal Auditor and fix his remuneration, if necessary.

7.

Authorize any one member of the provisional Managing

Committee to call the first meeting of the Managing Committee.

8.

Consider the affiliation of the society as member of the Housing

Federation of the District and other institutions as may be
mentioned in Byelaws 6 of the society.

9.

Decide the contribution towards repair fund and sinking fund.

10.

May decide the rate of interest to be charged on the delayed

payment of maintenance.

11.

May decide the parking charges to be collected from the members.

12.

May decide the Non-occupancy charges.

13.

Any other matter which is allowed with permission of chair but

which does not require a special notice.